Monday, April 26, 2010

Update - November 24, 2010 - With the growth of this website I am hoping that sharing important foreclosure information and ideas will help educate interested homeowners as to the kind of legal activities they can take in regards to their HAMP and Parallel Foreclosure experience.

Update - September 30, 2010 - due to "people power considerations" the idea of swarming the banks via phone calls is being given out freely to anyone who wants to try it in their own city.)

Please note, I am no longer advocating calling the banks en masse as the issue of home foreclosures is now in the mainstream. The information below is simply historical as to why Swarm the Banks was first started, but no longer reflects the direction that Swarm the Banks is now headed.

First view the blog column to your far left and your far right where it says "Shame the Banks". They are both filled with Shame the Banks story links from home owners who feel they are not being treated fairly by their banks.

The banks will be given a certain amount of time to respond to the homeowners letters. If the bank or financial institution does not respond within a certain amount of time, Swarm the Banks volunteers will be asked to call the particular bank or loan institution in question and ask what is going on with the specific loan case.

The phone swarming will continue until the banks figure out a reasonable solution.

Yes, it's that easy. You can start your own phone bank in your own city if you want to try and help your fellow home foreclosure victims.

This case will make your blood boiledHere is a case worth reading from a borrower who came to see me for help His payment with Citi was $2000, payment went up to $2600 so he satrted to strugle to make the Mortgage payment, he requested a Loan Mod, he straggle with the bank for at least 6 months did not get anywhere, Finally after trying and trying and months and months, Citi granted a mod for $1732.00 great mod! and he was happy, but at the same time that his mod was granted his Mortgage went to Vericrest Financial (it change hands) he send his 1st payment to Vericrest for $1732,00, and a 2nd 3rd and 4th payment after the 4th payment he received a letter form Vericrests informing him that he was in default ! wow in default? he call Vericrest and inform them that he could not be in default because he has been sending the payments every month Vericrest told my client that he has been sending his payment short that his payment should be $2600, so he pointed out to Vericrest that his loan was modified and send copies of the modification he fight with Vericrest for months until Vericrest put the house in foreclosure and return his 7th payment to him, and they gave him a choice, either he comes out with $8000 cash and the difference another $8000 spread in a year plus the mortgage payment or his house will be foreclose, so he had no choice but to to file chapter 13 to save the home, He canme to see me today and I’m going to do everything in my power to help him, because this is outrage